Potential Arbitrage Revenue of Energy Storage Systems in PJM during 2014

被引:15
|
作者
Salles, M. B. C. [1 ]
Aziz, M. J. [2 ]
Hogan, W. W. [3 ]
机构
[1] Univ Sao Paulo, Polytech Sch, Sao Paulo, Brazil
[2] Harvard Univ, John A Paulson Sch Engn & Appl Sci, Cambridge, MA 02138 USA
[3] Harvard Univ, Kennedy Sch, Cambridge, MA 02138 USA
基金
巴西圣保罗研究基金会;
关键词
Arbitrage; electricity market; energy storage; linear optimization; power system economics; real-time price; MARKET;
D O I
10.1109/PESGM.2016.7741114
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
The price of electricity in the Mid-Atlantic (PJM) region of the United States increased during the "Polar Vortex" at the beginning of 2014. Transmission lines were congested because of high demand during the extreme cold weather. The natural gas price for electricity generation increased more than 35% at the end of 2013. Energy Storage Systems (ESS) would have helped the system to overcome many difficulties during that period. Other opportunities in energy arbitrage define the greatest scale for storage applications. Real-time and Day-ahead markets in PJM provide alternative arbitrage opportunities. Considering the prices in 2014 for 7,395 locations in PJM, results show the potential revenue for ESS for normal arbitrage and for extreme cold weather events.
引用
收藏
页数:5
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